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the right has been captured by antitax interest by grover norquist, by people who won't come to the table and have a reasonable conversation about modest tax increases in relationship to modest cuts in spending where the majority of american people are. and so -- >> alexis, let's be honest. >> because the house is acting like bunch of kids. >> the president is backtracking on his deal because all he's concerned about doing is breaking house republicans on this issue, because he wants to get his agenda through before the 2014 election and he feels the best way to do this is make house republicans and john boehner who is now the least popular congressional leader look like bad guys. it's political heater and not good governance. >> heather: we appreciate you joining us. we'll see what happens. >> thank you. >> kelly: preparations are underway for the new year's eve celebration in times square. crews are hard at work putting the finishing touches on some old traditions and a few new ones. a special inscription on this year's ball is just one feature that organizers say will make this new yea
, grover norquist. president of americans for tax reform. norquist's pledge, signed by almost all republicans in congress, forbids signatories from raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. both democrats and republicans deploy scorched earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. >>> but in a last minnesota minute compromise, both sides agree to $1 trillion in spending cuts up front, and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect, starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the point is, we could have all
don't have to worry about their pledge to grover norquist or americans for tax reform, they will have a tax cut. i think people have been thinking all along that really if push comes to shove, we'll do it in the new year and that seems to be what's developing. >> it creates an interesting dynamic, you'd have a new congress sworn in on january 3rd and ordinarily everyone goes home, get your picture taken, that's it. you're essentially swearing in a new congress and moving to the floor. that's something we haven't seen in quite a while, i'd say in the modern era. >> one of the odd things on the first day is elect a speaker. the majority party puts up -- this time it would be john boehner. the minority puts up their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> th
is a way to walk the following line. allow their members to observe the grover norquist pledge and not raise taxes, which means they can't vote before midnight tomorrow to raise taxes. they could easily do that when the calendar turns into the next year. they could do that at any point, be consistent with their pledge and kind of walk away with their chins high. again, presumably observing some sort of line that the president supports about tax increases or in that case not having tax cuts for a few of the upper percentage taxpayers. that's something, again, that doesn't violate any republican pledge, so i think as a practical matter, and we heard this when plan "b" was pulled by speaker boehner, the perception is they can't allow themselves to vote for a tax increase. they don't want to get primaried, but come the new year they have an out which allows them to actually cut a deal. mitch mcconnell i think heinz what he says that he wants to get something done because they don't want to see the economy go into a tailspin. they read the same polls that you and i read which is tha
one person's opinion carries disproportionate weight and that person is grover norquist. he's the head of americans for tax reform. they have got the pledge that mostly republican members of congress signed to say they won't increase taxes. now, understand this. the top marginal tax rate going from 35% to 39.6% is not a tax increase. it is a return to tax rates that would have taken place after the temporary bush tax cuts expired and got extended. so the way i see it, that cuts with designed to be temporary, but clearly norquist disagrees with me. >> let's say we let the bush tax cuts expire at the end of the year and then congress moved to increase tax rates. would that count? would that violate your pledge? >> that would clearly be -- look, you can't go to the american people and say we raised taxes $500 billion and then we cut it $400 billion, please only look at the cut, not the overall rate. if you raise taxes $100 billion on the american people, they're going to notice it. it doesn't pass the laugh test. >> now, people say he's just one guy. grover likes to say the pledge isn't t
the president and boehner, both times boehner could not deliver because they refused because of grover norquist to allow any taxes for revenues whatsoever. we had meetings with the vice president biden and cantor. he walked out of it. he's the majority leader in the house. we had this supercommittee and they were doing good things. good things. dealing with entitlements and revenues and a week before they were to report, by virtue of a statute, i get a letter signed by virtually every republican, too bad about the supercommittee. we're not going to do anything with revenues. >> okay. i think that's a good place to end this. what you're hearing is the history of what has happened to bring us to this point. i want to bring in our congressional correspondent dana bash. dana, i was just sitting here imagining someone turning on their tv thinking, what a these people talking about? and i think i would sort of boil it down to this. when they are talking on the floor, that's never a good sign. they should be talking in a back room. they have gotten nowhere. we are where we are and nobody has agreed on
on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok.
it offends grover norquist. what role do the pledges play in our inability to compromise? >> well, i'm certain it does play a role. i've never signed these pledges because my obligation to the people who elected me and that's the way it should be for each member of congress, because times change. the circumstances change, you have to address the issue at hand. it is important to have extending the tax cuts for especially the middle income but secondly to put spending cuts on the table. we have a large debt problem and i understand as far as the republican position is concerned, so that does have credibility, and we have to come to the table on both of those issues, but i think more than anything else, what is deeply troubling is that you can't get congress and the president to reach any accord on anything. we can't even do routine business, let alone the matters that could affect the future of this country. >> olympia snowe you and what you represent will be missed in the senate. senator olympia snowe republican from maine who will not be in the next congress. >>> up ahead they're kn
Search Results 0 to 7 of about 8